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Bailed-Out Bank Execs Made $1.6B Last Year

Execs made average of $2.6 million; Merrill Lynch CEO made $83 million

(AP) - Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an AP analysis reveals. Benefits at bailed-out institutions like Goldman Sachs, Merrill Lynch, and JPMorgan Chase included cash bonuses, stock options, personal use of company jets and chauffeurs,... More »

Welfare Rolls Rising for First Time Since '90s

Tide of middle-class jobless could seriously strain program

(Newser) - Welfare numbers are rising in many states for the first time since public assistance was redefined more than a decade ago, the Washington Post reports. The numbers are still small compared to the days before welfare was retooled to steer people into jobs, but at least a dozen states say... More »

'Brit Fritzl' Impregnated Daughters for Child Benefits

Rapist father lived off pay for incest babies

(Newser) - A British man sentenced to life for raping his daughters over a 30-year period wanted them pregnant so he could collect child benefits from the government, his sister-in-law told the Daily Telegraph. The man, 56, impregnated his two daughters a total of 19 times, resulting in nine children, two of... More »

Google Cuts Back on Its Food Perks

Problems in the kitchen will send employees home for dinner

(Newser) - Life at the Googleplex just got a little less delicious. Google is cutting back on its famously generous food benefits, taking free dinners and free snacks off the menu, Valleywag reports. It’s a surprising change, since Google has milked its cafeteria for publicity, and recently told shareholders to expect... More »

Employers Use Law to Withhold Benefits

Think you're covered? Not if your company decides you're not

(Newser) - Thomas Amschwand was dying, but made sure his wife would collect on his $426,000 life insurance policy. Yet when he died, his boss withheld the money, and his wife was powerless—because a federal law stops workers from suing employers for large sums of health, life, or retirement benefits.... More »

Silda Steps Out of Hiding

Spitzer wife schmoozes in first appearance since hubby's sex scandal erupted in March.

(Newser) - While the fictionalized "Law & Order" version of her husband's infamous sex scandal was airing on NBC last night, Silda Wall Spitzer emerged from 2 months of self-imposed exile to attend the Manhattan benefit for Children for Children, the Daily News reports. The wife of prostitute-patronizing former New York... More »

Military Death Payments Trouble Families

$500,000 windfalls for next of kin can cause confusion, discord

(Newser) - The military pays $500,000 to the next of kin of every soldier killed in Iraq or Afghanistan, but the sudden injection of cash during a time of grief often throws survivors off balance. Young military spouses can struggle with money management and long-lost friends and relatives sometimes appear asking... More »

Comcast to Pay Founder After Death

Heirs will receive paychecks for 5 years; wife gets benefits for life

(Newser) - Death won't stop Comcast's founder from being paid: A deal signed last week ensures that his heirs will receive checks for five years after Ralph J. Roberts, 87, dies, the AP reports. They will also get unpaid funds from his annual performance-based bonus, and his wife will receive health and... More »

States Snatch Child Support

States are tracking down more deadbeat dads, but kids aren't getting the money

(Newser) - States are getting better at making deadbeat dads cough up child support, but not much of the cash is getting to the kids, the New York Times reports. The money's been going to repay back welfare benefits instead. Almost half of states keep all the money; most others pass along... More »

Marriage and State Should Get a Divorce

Laws out of sync with modern love, writes marriage historian

(Newser) - Modern love has snubbed its nose at the state, writes Stephanie Coontz in an op ed piece in the New York Times, with 40% of US children now from unmarried parents. So it's time for the law to follow suit, and get out of the marrying business. Marriage licenses—a... More »

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